Deposits are strictly not considered as loans in the Islamic sense. If it is in the form of money‚ then he has an obligation to pay Zakat out of it. If these deposits are indeed loans‚ then it is the banks which should pay zakat on them. In reality‚the banks make the depositors pay the zakat ‚ which is injustice. (Alexandra R‚ Hardie & M. Rabooy‚ 1991) M. Norain‚ Ariffin‚ & M Adnan explained the perceptions and awareness among bankers in Islamic banks is essential to enhance corporate social responsibility
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much controversy within the Islamic community arises over the display of artistic expression‚ art couldn’t be hindered. Islamic art has been carefully woven into the culture and belief system. Many periods and events have contributed
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October - 2012 E-Commerce In A Developing Country Like Bangladesh: Philosophy And Reality. Author: Md. Mahedi Hasan Biographical Sketch: Md. Mahedi Hasan received Master of Business Administration (M.B.A.) Major in MIS‚ Degree from Sikkim Manipal University Of Health Medical & Technological Science and B.Sc (Hons) in Computer Science Degree from Bangalore University‚ India‚ Presently Working as a Senior Lecturer‚ Prime University‚ Dhaka‚ Bangladesh. His areas of interest include E-commerce‚ Digital
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Explain how the globalization of commerce brought about major changes overtime among the people of 2 of the regions listed: Eurasia‚ Africa‚ and Americas. Between 1450 and 1750‚ note major developments‚ exchanges‚ shifts of power‚ demographic changes. Through out time‚ different civilizations undergo changes as they mature and grow. America and Africa were regions where changes aroused‚ and these changes can be explained by the globalization of commerce of the world. These changes
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Fundamental Islamic values to business activities. Islamic Accounting hopes that Islamic organizations abide by the principles of the Shari’ah or Islamic Law in its business activities. There is a prohibition of interest-based income or expense in the business activities according to the Islamic accounting. In Islamic accounting‚ the profit determination is more important. In the reporting of financial statement according to Islamic accounting‚ the reporting must be holistic. Its mean that both
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LEADERSHIP FROM AN ISLAMIC PERSPECTIVE By LOKMAN EFFENDI RAMLI Page 1 of 27 1.0 INTRODUCTION Allah (s.w.t.)1 has created mankind with noble objective that people would lead their live in peace and harmony following the system of belief of his revelations sent down through Prophets from time to time since very beginning of the society in this world. On top of that‚ Allah (s.w.t) said in Al Qu’ran the responsible of humankind is to worship to him. “I have only created jinns and men
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The Islamic State of Iraq and the Levant (ISIL) also translated as the Islamic State of Iraq and Syria or al sham (ISIS) and known in Arabic by the acronym Daʿesh is an anti-Shi’ist unrecognized Islamic state in Iraq and Syria. Being unrecognized by the international community‚ it is difficult to accurately classify the organization/state and therefore difficult to rate in terms of power.1 However‚ ISIS itself claims sovereignty and statehood and has proven that it is capable of forming a government
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Educational Leadership: An Islamic Perspective Dr. Walid Ahmad Masa’dah‚ Department of Islamic Studies‚ College of Shari ’ah and Islamic Studies‚Yarmouk University‚ Irbid‚ Jordan And Dr. Ali Mohammad Jubran‚ Department of Islamic Studies‚ College of Shari ’ah and Islamic Studies‚Yarmouk University‚ Irbid‚ Jordan ABSTRACT This paper aimes to identify the main features of educational leadership from an Islamic perspective. It is an attempt to contribute to the development and understanding
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the ordinary sense of the world‚ but also a complete code and system of life for any individual living in this world. While other religious preaching and practices provide general guidance only for the relationship between man and his Creator‚ Islamic teachings and methods guides man in his relations with ALLAH the Almighty and provide and guide them the norms which govern human beings temporary existence in this world. Islam take into account an individual’s political‚ social economic‚ moral
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Although key elements of the trade between Africa and Eurasia changed during the era of 300-1450‚ a few factors stayed the same. In 300 C.E.‚ trade routes were primarily between Europe and North Africa. The way that they changed by the time of 1450 was that they expanded southward and westward. By 1450‚ these trade routes went through West Africa‚ sub-Saharan Africa‚ and the Indian Ocean. One factor that stayed the same during this time period was that the northern coast of Africa was always involved
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